Shares in all sorts of companies, whether green or not-so-green, have been affected by the current market turmoil in the US. However, as QualityStocks.net notes, Converted Organics is one of the few companies whose stock price has remained afloat in the troubled market. On August 25, Converted Organics stock was trading at $3.55. Yesterday, they were up to $7.74/share.
To try to get to the bottom of this mysteriously good performance, Quality Stocks interviewed … Read the rest
News is out that the Senate has extended $18 billion in tax credits for renewable energy sources but it sill needs to be approved by the House which is expected. The energy tax credits are part of a much larger bill, but here is the energy portion:
* Extends for one or two years and expands production tax credits for wind, refined coal, biomass and marine renewables. $5.8 billion.
* Extends through 2016 the investment … Read the rest
A-Power Energy (APWR) announced today that its signed a contract with China National Automation Control System Corp for the sale of five 2.7 MW wind turbines with delivery to occur later this year for use in wind farm projects in the Gansu province and Inner Mongolia Autonomous region. These are the first wind turbines produced at A-Power’s new production facility in Shenyang, China which is designed with annual capacity of 300 of the 2.7MW wind … Read the rest
Converted Organics (COIN) announced today that it has entered a relationship with Central Jersey Waste/Premier Management. Converted Organics converts food waste into a natural fertilizer that can be used to amend soil for organic gardening and farming. The company already has the permits needed to build a processing plant that can process 500 tons of food waste per day, using a high-temperature liquid composting process. Once the plant is up and running, Converted Organics and … Read the rest
LDK Solar announced today that it has logged 6 million work hours on the construction of its 15,000 ton/year PV polysilicon plant without any worker injuries, under the supervision of the company’s EPCM contractor, Fluor. Completing 6 million safe work hours is a major milestone in the plants construction. Nick Sarno, LDK’s Senior NP of Manufacturing/Project Manager, released the following statement:
… Read the rest"We are very excited to have logged six million safe work hours. We believe
Applied Materials announced on Friday that it has completed a 2.1 MW solar power installation over its corporate headquarters, the largest corporate solar power installation in the country. To create the installation, Applied Materials used technology from SunPower- a 950-kilowatt SunPower PowerGuard installation and a 1.2-megawatt SunPower Tracker setup, which are manufactured using technology from Applied Materials. These solar panels form canopy over the Applied Materials parking lot, generating power and shading employees cars. Parking … Read the rest
Ascent Solar announced today that the Board of Directors and Matthew Foster, the current President/CEO of the company, have come to a joint decision that a change in leadership would benefit the company. MR Foster resigned as of September 19. The company’s Chairman and Chief Strategy Officer, Dr. Mohan Misra, will serve as interim president and CEO until a replacement is found, and Mr. Foster will continue working with Ascent as a consultant dealing with … Read the rest
2 upgrades to tell you about this morning – Citi upgraded VeraSun (VSE) from Sell to Hold but lowered the price target from 3 to 1.85, saying “The difficulties in 3Q08 are primarily related to the company’s corn hedging activities as VeraSun chose to lock in significant quantities of corn back in July when the corn market was reaching its peak. Consequently, as corn prices quickly reversed course VeraSun generated large losses on its corn … Read the rest
Hoku Materials, a subsidiary of Hoku Scientific (HOKU) announced the signing of an electric service agreement with Idaho Power Co. for the purchase of electricity to power Hoku’s planned polysilicon production capacity of about 4000 metric tons/year.
“We are pleased to have finalized these agreements,” said Dustin Shindo, chairman and chief executive officer of Hoku Scientific. “The cost of electricity is the largest single component of polysilicon production costs for a Siemens-based process such … Read the rest
In a week of financial turmoil, at least one company has managed to do well. LDK Solar’s follow-on offering raised $200.4 million by the end of the day Friday. In fact, demand for LDK’s shares was so strong that the company had to upsize the offering to meet it, from 3.8 shares to 4.8 million. However, their share price has dropped somewhat, falling 5.3% to $41.44 on Friday. FinanceAsia.com suggests that this may be a … Read the rest